Renovare Development
Woman-owned + social impact + opportunity zones
Overview
Raised: $90,000
Total Commitments ($USD)
Platform
Small Change
Start Date
02/24/2022
Close Date
09/16/2022
Min. Goal
$75,000
Max. Goal
$250,000
Min. Investment
$500
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
10.00%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$443
# of Investors
43
Momentum
Funded
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Year Founded
2018
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Renovare Development is raising funds on Small Change. It is a social impact real estate development company that focuses on transformational mixed-use projects that meet community needs. The projects of Renovare Development are located in urban areas, rural main streets, and Opportunity Zones. The company also collaborates with municipal partners on site selection and production of high-quality products, on time and within budget. Jill Ferrari founded Renovare Development in August 2018. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $250,000. The campaign proceeds will be used for operations.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$17,007 |
$33,507 |
|
COGS |
$61,411 |
$294,547 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-44,404 |
$-261,040 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$259,488 |
$38,402 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$259,488 |
$38,402 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$45,446 |
$45,446 |
|
Total Liabilities |
$45,446 |
$45,446 |
Financials as of: 02/24/2022
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